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Seen in London (apparently) (sh.itjust.works)

submitted 2 months ago by Yerbouti@sh.itjust.works to c/memes@lemmy.world

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[-] webghost0101@sopuli.xyz 12 points 2 months ago

You have my full support and i fully agree on your last point but in nuance Tesla could go bankrupt and Musks wealth will hardly make a dent. With a budget of spending a mil a day it would still take centuries to blow trough all his money.

[-] Genius@lemmy.zip 18 points 2 months ago

Isn't most of his wealth in stocks? If investors think Tesla is a bad stock (because no one will buy the cars), then Musk is poor.

[-] webghost0101@sopuli.xyz 8 points 2 months ago

Actually you are correct. I thought i had found a number for his liquid money but it wasn’t.

Also got a bit hung up on his stake in Tesla being just 13% but with Tesla being valued at ~900B thats still over ~100B of his ~320B “value”

[-] FanciestPants@lemmy.world 4 points 2 months ago

Yes it is, and crashing Tesla stock will certainly make him less rich. He still has his other shit companies, so crashing Tesla stocks alone won't make him poor, but we might not have to hear quite so much about him.

[-] P00ptart@lemmy.world 6 points 2 months ago

Tesla and space x are the big ones.

[-] FanciestPants@lemmy.world 3 points 2 months ago

Agreed, and a big advertisor exodus from Twitter would help.

[-] Lucidlethargy@sh.itjust.works 4 points 2 months ago

It's not about denting his money, it's about denting his image. Let the free market see he's toxic, and that will send ripples to places even Republicans care about: their wallets. Specifically, it can impact Tesla stock.